Bitcoin ETFs break outflow streak as Trump embraces crypto — long BTC
Big institutional money is flowing back into Bitcoin after weeks of selling, and the President is openly backing the crypto industry. This combination of fresh money and political support could push Bitcoin out of its slump.
Idea
For 10 straight days, institutional money fled Bitcoin ETFs, but that streak just broke with a massive $222 million injection. This massive shift in institutional demand is happening while sentiment is still in 'extreme fear,' meaning there is ample room for a sentiment reset to the upside. Furthermore, the political backdrop is highly supportive, with the President publicly embracing crypto profits. This combination of institutional buying and political tailwinds sets up a classic relief rally.
What happened since
| Symbol | Dir | T+1 | T+5 | T+20 |
|---|---|---|---|---|
| BTC | LONG | +0.66% ✓ | +0.82% ✓ | — |
Price change since publication · updated Jul 11